Fitch Downgrades California Earthquake Authority’s Ratings; Outlook Stable April 1, 2022 Fitch Ratings downgraded California Earthquake Authority’s Issuer Default Rating and revenue bond ratings to ‘A-‘ from ‘A’. The Rating Outlook...
Property Catastrophe Reinsurers Show Greater Risk Appetites as Price Hikes Continue April 1, 2022 Reinsurers have boosted their 2022 probable maximum loss (PML) exposures as higher prices continues to attract more capital to property-catastrophe...
Judge OKs $83M Settlement for Owners in Miami Beach Condo Collapse April 1, 2022 People who owned units in a Florida oceanfront condominium building that collapsed last year will divide $83 million for property...
Ukraine to Guarantee Insurance Payouts to Cargo Ships Damaged at Its Danube Ports April 1, 2022 Ukraine, a major producer of grain, oilseeds and steel products, will guarantee insurance payments to cargo vessels damaged in hostilities...
Zurich Insurance Accelerates Operational Net-Zero Target to 2030 Instead of 2050 April 1, 2022 Zurich Insurance Group announced it is bringing forward by 20 years its target to achieve net-zero emissions in its operations....
U.N. to Hold Companies to Their Net-Zero Pledges With Group of 16 Experts April 1, 2022 By Valerie Volcovici The United Nations on Thursday announced the members of an expert group that will scrutinize corporate pledges to achieve net-zero...
Global Insurance Losses From Russia-Ukraine War Could Range From $16B to $35B April 1, 2022 By L.S. Howard Global insurance losses from the Russia-Ukraine war could range from $16 billion to $35 billion, with reinsurers expected to assume...
Interview From Deceased Louisiana Officer Haunts Ronald Greene’s Deadly Arrest April 1, 2022 By Jim Mustian and Jake Bleiberg Days before his own death, Louisiana Master Trooper Chris Hollingsworth walked into a secure room deep inside state police headquarters,...
Ohio Supreme Court Weighs Caps on Damages in Child Rape Case April 1, 2022 By Andrew Welsh-Huggins An Ohio woman repeatedly raped as a child suffered injuries so severe that she’s owed millions in compensation despite a...
Ohio National Acquires Constellation April 1, 2022 Ohio National Mutual Holdings, Inc. and its wholly owned subsidiary Ohio National Financial Services, Inc. successfully completed its sponsored demutualization...